World Omni Automobile Lease Securitization Trust 2025-A Annual Report - How They Did This Year

Hey there! Thinking about where to put your money? Let's break down the annual report for World Omni Automobile Lease Securitization Trust 2025-A. This report was signed and filed on March 23, 2026. We'll skip the fancy finance talk. Instead, we'll focus on what you need to know about their past year and what it means for you.

1. What does this company do and how did they perform this year? Okay, first things first: this isn't a "company" like Apple or Coca-Cola. World Omni Automobile Lease Securitization Trust 2025-A is a special type of financial group. It's called a securitization trust. Imagine it as a special box. This box holds many car leases and their vehicles. World Omni Financial Corp. (the "Sponsor") first created these leases.

   The Trust then sells "Notes" and "Certificates" to investors. These are like bonds or investment units. Your investment is backed by payments from those car leases. So, when you invest here, you get a share of the money from thousands of car leases.

   This Trust only holds assets and passes through payments. It's simply a financial tool. The report marks sections like "Business" and "Properties" as "Not Applicable."

   This Trust's performance depends on how well the car leases perform. It also depends on investors getting their expected payments. Managing these leases well is crucial. It directly affects collecting payments from car renters. Then, these payments go to investors who hold the Notes and Certificates. World Omni Financial Corp., which manages these leases, confirmed they met all their duties this year. (Find more in the "Wins" section!)

2. Major wins and challenges this year Wins:

   • Excellent Servicing Confirmed by Independent Auditors: This is big news! PricewaterhouseCoopers LLP (PwC), a big independent accounting firm, confirmed something important. World Omni Financial Corp., which manages these car leases, followed all SEC servicing rules. This was for the year ending December 31, 2025. This audit covered all World Omni's asset-backed investments since 2006, including this Trust. It means collecting payments, handling accounts, and managing leases is done correctly. It also means it follows all requirements. World Omni even made sure other companies (vendors) followed the rules. PwC confirmed this was handled properly. This is great news. It means the core of this investment – managing the leases – is strong.
   • Servicer's Own CFO Confirms Compliance: More good news! Matthew Hoole, the Chief Financial Officer for World Omni Financial Corp. (the "Servicer"), personally confirmed something. He certified that the company met all its duties for managing these car leases. This was for the entire year ending December 31, 2025. This internal confirmation from a top executive shows even more. It proves that lease servicing is handled properly and as agreed.

   Challenges/Things to Note:

   • Lawsuit Against Trustee (but not this Trust): There's a lawsuit against Wilmington Trust, National Association. This company is the "Trustee" and a key player for this Trust. However, this lawsuit is about other securitization deals. It involves Tricolor Holdings, LLC transactions, not the World Omni 2025-A Trust directly. Issues with a trustee could still indirectly affect the trusts they manage. Wilmington Trust says they will fight the lawsuit hard. Here's the important part: Independent auditors, PricewaterhouseCoopers LLP (PwC), confirmed something. Wilmington Trust National Association did follow all important servicing rules. This includes Item 1122(d) of SEC Regulation AB. This was for the year ending December 31, 2025. It covers all car-backed investments they manage as trustee, including this Trust. So, despite the unrelated lawsuit, the trustee's work for our Trust has been independently checked and found to be fine.
   • No External Safety Net: The report clearly says there's no outside insurance or guarantee. This "extra protection" would shield investors if car leases don't perform as expected. So, this investment's performance depends entirely on how well the car leases pay and their quality.
   • No Direct Investor Mailings: Don't expect an annual report or proxy materials in your mailbox. The report states these are not sent to investors. You'll need to use public filings like this one for information.

3. Financial health - cash, debt, liquidity The investment's health links directly to how well its car leases perform. The Trust can pay investors only if these leases generate enough money. There's no outside protection, meaning no extra layer of safety, like a third-party guarantee or having more assets than needed if leases go bad. The Servicer, World Omni Financial Corp., confirmed they met all their duties. (See "Wins" section for details.) This is a good sign for overall health. It means money coming in and collection is handled well. This is key for the Trust to pay its bills and stay financially sound.

4. Key risks that could hurt the investment's value Remember, this Trust doesn't have "stock" you'd buy on an exchange. Instead, investors usually hold "Notes" or "Certificates." These are like loans. The main risks to these investments, which could affect their value and steady payments, are:

   • Performance of Car Leases: The main risk is how well people pay on the car leases. Many renters might stop paying their car leases. This would lead to more late payments and unpaid leases. Or, the market value of leased cars might fall far below their expected value at lease end. Either could reduce money for the Trust. This would affect investor payments. However, it's good that World Omni Financial Corp. (the Servicer) confirmed they met all their duties. Independent auditors also confirmed this. This helps ensure smooth payments and following collection rules.
   • No External Guarantees: As noted, there's no outside insurance or guarantee ("extra protection"). This would cover losses if the leases perform poorly. Investors take on all the risk of the lease group's performance. There is no safety net from a third party.
   • Trustee Issues: The lawsuit against the Trustee (Wilmington Trust) isn't directly about this Trust. But big problems for a key player like the trustee could cause problems or worries. This applies to investors across all trusts they manage. This might mean operational delays or harm to their reputation. However, it's good to know that for this Trust, PwC independently checked the trustee's servicing rules. This specifically covered their duties under SEC Regulation AB, Item 1122(d).

5. Leadership or strategy changes It's a fixed financial setup. Michael Hollis, Group Vice President and Assistant Secretary of World Omni Financial Corp., signed the report. He acted as the Servicer for the Trust. Matthew Hoole, World Omni Financial Corp.'s Chief Financial Officer, personally confirmed something. He certified that the company, as the Servicer, met all its duties for managing the leases this year. This shows a strong commitment from their leadership for managing the leases.